Published on 12 Mar 2024 on Benzinga
...Inflation Fuels Higher Yields, Bitcoin Drops Below $70,000: What's Driving Markets Tuesday? -...
It was a mixed morning on Wall Street, with major U.S. indices recording gains, primarily due to a tech outperformance, although losses emerged on bonds, gold, and Bitcoin following a stronger-than-expected inflation report.
The S&P 500 index rose by 0.9%, while the tech-heavy Nasdaq 100 rallied 0.9%. Within the tech space, chipmakers shined, with the VanEck Semiconductor ETF SMH up 2%.